Stats:
Hey everyone, I came across PBLS yesterday, and have been trying to discover as much as I can and put a value on PBLS. Worst case I am figuring the market cap at $14,670,000 assuming that 60 percent of the 815 million Alonzo mentioned are OS. This is truly exciting once you realize the scope of PBLS operations and their effort to get accurate financials out through the current information status at pink sheets. Only other things I would REALLY like to know is their debt level and cash flows.
One thing that I have not seen mentioned is the fact that 2007 is going to be a significantly more active hurricane season due to la nina. The May 8 PR indicates to me that PBLS has positioned itself to be a major if not "the major" supplier of sand and gravel in the southeast gulf coast and should really benefit from any hurricane landfall this year. Of course, I believe they state that they are limited only by production capacity at Murphy at this time.
Another thought I have is that if this is as heavily shorted as some believe, then the forthcoming current status with pink sheets is going to be a catalyst for upward pps movement.
If anyone has any thoughts or some great DD, I would appreciate seeing it.
AI
